Canada, Mexico and the United States announced that they successfully concluded the Second Round of renegotiation and modernization of the North American Free Trade Agreement (NAFTA), which took place in Mexico City from September 1 - 5.

During the five days, more than two dozen working groups comprised of trade experts and technical officials, "worked diligently to advance the discussions and exchanged information and proposals. In several groups, this engagement resulted in the consolidation of proposals into a single text upon which the teams will continue to work throughout the following negotiation rounds."

According to a joint news release important progress was achieved in many disciplines and the Parties expect more in the coming weeks. The three countries will continue their respective processes of internal consultation in preparation for the Third Round of negotiations, which will take place in Ottawa, Canada, from September 23 - 27.

The Ministers from Mexico, the United States and Canada reaffirmed their commitment to conclude the process towards the end of this year.